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8 Years Later - Still Not Winning

  • #121
  • Nov 23, 2017 7:40am Nov 23, 2017 7:40am
Quoting Lazar83
{quote} Don't bother yourself about not making money on trading....so far you have learned to setup charts and draw trend lines and made them look nice. Well.....welcome to the league of professional analysts. They are making money from flipping charts and never showing their actual trades, so your future is bright, now its time to find a brokerage to nest yourself and become a guru....everything else will be done by broker PR team. Forget about trading stress, just relax visit seminars , tell people how to trade, and preach about money management...

so true best way to beat the market is to become broker / trainer
  • #122
  • Nov 23, 2017 7:44am Nov 23, 2017 7:44am
Quoting kaisarimam96
{quote} so true best way to beat the market is to become broker / trainer

SO true.

Like this guy below made a ton with his products. Makes me sick. Scum Hes got a method called the holy grail.

http://www.richlazytrader.com/
  • #123
  • Nov 23, 2017 7:49am Nov 23, 2017 7:49am
By the time you use $100 to learn what is Forex, $200 to learn S/R, $300 to learn correlation and how it makes and breaks your position, how much???. You continue to increase your account believing that it's because you're underfunded that's the reason you're not profitable.Then later you would have concluded that Forex is a scam and all brokers are scammers.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #124
  • Edited 9:32am Nov 23, 2017 8:02am | Edited 9:32am
One of the main reasons why traders failed why moving from demo to live is that the account size with which they practice on demo is completely different from that of live account. You wish to trade one day with $500 in your first live account; all through your demo you have been practicing with $10000, $5000; you have already set yourself as a failure. Practice with the same account size you wish to open live account. Practice with different leverage, different lot sizes and then you find which you're comfortable with.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #125
  • Edited 11:52am Nov 23, 2017 11:40am | Edited 11:52am
Quoting 9jatrader
One of the main reasons why traders failed why moving from demo to live is that the account size with which they practice on demo is completely different from that of live account. You wish to trade one day with $500 in your first live account; all through your demo you have been practicing with $10000, $5000; you have already set yourself as a failure. Practice with the same account size you wish to open live account. Practice with different leverage, different lot sizes and then you find which you're comfortable with.
So much differenc in demo and live dear... (Fear and Greed).
With out a method to trade (pre defined rules of entry and exit) its waste of time and $$$$$$$
Trade fearless not careless...
Syed Mohsin Ali Profit This Month: -299
  • #126
  • Nov 23, 2017 12:04pm Nov 23, 2017 12:04pm
Quoting mohsinali
{quote} So much differenc in demo and live dear... (Fear and Greed). With out a method to trade (pre defined rules of entry and exit) its waste of time and $$$$$$$

I would add to that, it doesn't matter if the system is automated. I thought I found success by using a complete automated system and I was very wrong!

I mean if you trade seriously, there's nothing you can do to improve your trading performance.
  • #127
  • Nov 23, 2017 12:23pm Nov 23, 2017 12:23pm
Quoting mohsinali
{quote} So much differenc in demo and live dear... (Fear and Greed). With out a method to trade (pre defined rules of entry and exit) its waste of time and $$$$$$$
So much difference between demo and live, fear and greed. All these we hear here and there. Trade fear and greed in demo. Traders should start small as far as lot size is concerned. When you have successfully taking the account little above the initial account size or double you can gradually increase lot size
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #128
  • Nov 23, 2017 12:33pm Nov 23, 2017 12:33pm
Let me give example here with $500 account. Assuming you have great strategy in place and you spotted great setup. It's possible some would just take 0.05 or 0.1. That's crazy lot size at the beginning. Only retracement before it finally obeys can set the trader up in fear. You see your account going down because of retracement. Then you close your trades; days later it shoots toward the direction of your setup- by now you're out of the position with lose, price continues moving; then in trying to join again markets reverses on you. What would you say??? Market is against me- only you
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #129
  • Nov 23, 2017 12:34pm Nov 23, 2017 12:34pm
Quoting HeyYou
{quote} I would add to that, it doesn't matter if the system is automated. I thought I found success by using a complete automated system and I was very wrong! I mean if you trade seriously, there's nothing you can do to improve your trading performance.
Yes automated system can be but its not work all the time
surcumtences and nature of market. Means a automated system not produced better performance on all day long but specific time which is not easy to determine and comes with experience...
Trade fearless not careless...
Syed Mohsin Ali Profit This Month: -299
  • #130
  • Nov 23, 2017 12:45pm Nov 23, 2017 12:45pm
Fear and greed are great emotions. Without fear one would not be able to take flight in times of danger. Without greed we would not be able to maximize profit by taking bigger lot size when the account is doing great. I feel there is too much negativity attached to Fear and Greed. Have fear and greed
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #131
  • Nov 23, 2017 12:47pm Nov 23, 2017 12:47pm
Quoting mohsinali
{quote} Yes automated system can be but its not work all the time surcumtences and nature of market. Means a automated system not produced better performance on all day long but specific time which is not easy to determine and comes with experience...
Well I don't agree to that unless you trade complex patterns everything can be automated. I had an interesting discussion about scalability here
  • #132
  • Nov 23, 2017 12:48pm Nov 23, 2017 12:48pm
Quoting 9jatrader
Fear and greed are great emotions. Without fear one would not be able to take flight in times of danger. Without greed we would not be able to maximize profit by taking bigger lot size when the account is doing great. I feel there is too much negativity attached to Fear and Greed. Have fear and greed
What about this...
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2017-11-23-22-50-52.png Size: 185 KB
Trade fearless not careless...
Syed Mohsin Ali Profit This Month: -299
  • #133
  • Nov 23, 2017 12:57pm Nov 23, 2017 12:57pm
Quoting mohsinali
{quote} What about this... {image}
Every trader will not have that report card. I have seen great traders on FF
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #134
  • Nov 23, 2017 1:56pm Nov 23, 2017 1:56pm
What about copying from other successful traders, Or copying a particular system. I think if anyone fails to trade by themselves they should copay form others. yes, there is a still risk involved. Lots of people lose money by copying others that is true. but there are lots of traders make money form coping others.
MA provides the market's current direction and strength.
  • #135
  • Nov 23, 2017 2:44pm Nov 23, 2017 2:44pm
Quoting Sossos
Try Market Geometry. What most people don't know is that Alan Andrews and Roger Babson, creators of the pitchfork, were the brains behind the Kennedy fortune. It still works today. I toiled for 9 years with a constant slow leak on my account. Now the leak is going into my account as I unlearned all the crap I thought I knew, and now look at the truth of what is happening on the chart. Just one traders thought on the matter!! I think that Tim Morge is the last living student of Alan Andrews. Tim Morge is the creator of MG.
Is that you Shane Blankenship?

I found this interesting review on the site you recommend:

Bait and Switch gimmick
The site marketgeometry.com uses the old "bait and switch" gimmick. It offers mentorship to traders at various levels of paid subscription. The bait is mentorship by Timothy Morge, a 35 veteran of the trading industry. The switch is Shane Blankenship, a truck driver with undisclosed experience in the trading industry. I subscribed and paid for the mini-mentorship program at marketgeometry.com. According to the web site, I would get 3 days a week of mentorship from Timothy Morge. The days were Mon/Wed/Fri. What I got was Mondays by Timothy Morge. Mondays were free to anyone who registered on the website for the Monday free webinar. Despite being free, they were considered part of the premium subscriber membership. That left Wed and Fri. Fridays were run by Shane Blankenship. I don't remember any Fridays where Timothy Morge was present. I don't know Shane Blankenship's background but it was obvious he did not have the 35 year experience of Morge. Wednesdays were also run by Shane Blankenship but Morge would sometimes "sit in" to make side comments on the presentation by Blankenship. No where on the website did it disclose that Blankenship was the actual presenter and "mentor" of the sessions. No where on the website did it disclose his experience, credentials, background, trading record. I was very surprised to discover the webinars were being done by him. Shane spends about 90% of the time in webinars marking the swing highs and swing lows on charts. The marking is done "after the fact" so he knows exactly what has happened in the market at the time he marks the charts. The pace is very, very slow. Shane will answer questions but due to lack of experience, he frequently did not understand the questions. There are a lot of beginner type questions and so you hear the same thing repeated over and over. The website attracts lots of beginners. There is an intense focus session of 30 minutes twice a month that covers basics such as what makes a swing high or a swing low or what an outside bar is. No questions are taken during this session. It is theory for beginners. The sessions alternate between slides by Morge then the next session is slides by Blankenship. If you want beginner level material that is repetitive and slow-paced, you will like the service. If you want advanced material or material about pitchforks, you will not like the service. Morge claims to be an expert about pitchforks because his brother was in Andrews course. Few of the sessions say anything in detail about pitchforks so it is hard to judge his expertise. Morge has written some good articles at moneyshow that are worth reading.
  • #136
  • Edited 5:42pm Nov 23, 2017 5:25pm | Edited 5:42pm
Auto copy someone with less than 20 percent drawdown and who has been profitable for at least 2 years.
Or take the other side of your own trades, demo and live account.
  • #137
  • Nov 23, 2017 8:59pm Nov 23, 2017 8:59pm
5 years and still not winning - welcome to the club
Trade or not to trade - that is the question...
  • #138
  • Nov 23, 2017 9:11pm Nov 23, 2017 9:11pm
i m also in ...because i know too much in the forex.
  • #139
  • Nov 24, 2017 12:47am Nov 24, 2017 12:47am
Man a while since I looked at posts on this site, moons ago, had to re-register!

What do you trade? Do you restrict your pairs for example to just majors or do you do exotics? What times are you trading relative to London or New York?
Apart from that you need to A) Step away immediately and take a decent break and
B) adopt only 1 or 2 simple strategies and preferably that only work or have a good hit ratio over a longer period (intraday shortest for example would be 2 hrs charts). This will limit your trades overall if you stick rigidly to your plan. So what is it?
I would suspect you are overtrading, gunning in revenge and doubling up etc, Long when the the turn short is due and vice versa. I've been there, made money, lost it, made it again, lost it again. Average trades I pursue are 3/4 to 1 Reward v Risk. Limit the lot size also for different pairs, some are more volatile inevitably.

Take a read or listen (on Youtube) to "Trading for a living" by Alexander Elder (read it years back, still have it and do peruse now and again for a reminder) but only YOU can do the work. Touches all the basics but reminds you of the physc. element in trading (Stocks, forex, Commodities, all the same). Like being an alcoholic but still teling yourself you deserve a drink and can handle it, thats your challenge while staying sober!

Don't redo every guru or link out there searching for answers. Even Religion is just for guidance mate, if there is any sense to it then YOU have to find it, not even a GOD, he or it as it may be, can do that for anybody. Why should this be any different. But the Elder book is a good steadier in troubled times.

I am still learning, ALWAYS will be, it NEVER stops, but more confident in what I do now after about 10 years and if anything I trade LESS times overall than ever in the past. Slow is good, so try it ... But do try let folks know what your're about and what way you do things otherwise you are just sounding off.

By the way I am NOT rich, NOT a guru selling shit and Yes I still have a job as a self employer programmer, but make money on the side trading.
  • #140
  • Nov 24, 2017 4:19am Nov 24, 2017 4:19am
Quoting neesh24
STILL NOT WINNING.
Tom Basso took 7 years. Al Brooks took 10 years. Me? After 10 years still learning. Not sticking to one.

Actually I did. But I got lazy and greedy. Both of which make me inconsistent.
You're going to pay a price for every bloody thing you do and don't do
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